Asset Based Lending recently funded a hard money new construction loan in Ashburnham, Massachusetts for a returning borrower and an experienced real estate investor. The property new construction was purchased for $45,000 with a loan amount of $261,000. The scope of work for this property includes a new roof, kitchen with shaker cabinets, granite countertops, subway style backsplash, and appliances. Refinish existing hardwood and laminate in the basement. Full remodel of both baths, new doors, painting, and plumbing. Investor plans to sell the property after the projected five-month construction timeline.
